It is well recognized that quality infrastructure is one of the most important necessities for unleashing high and sustained growth.

Government outlay for infrastructure has increased significantly over the years. Clearly, infrastructure has been a focus area. Over the years, not only have the outlays for budgetary expenditure towards the infrastructure sector been increasing, but private investment is also being encouraged. Earlier, the emphasis was on bringing in more and more projects, now the emphasis also includes encouraging financial products suited for infrastructure.

To meet the financial needs of this public-private partnership, it is necessary to promote standards and raise capital in the most efficient and cost-effective manner while ensuring long-term sustainability. Recognizing the needs of the market, IISL has developed CNX Infrastructure Index to capture the performance of the companies in the infrastructure sector.

CNX Infrastructure Index will include companies belonging to Telecom, Power, Port, Air, Roads, Railways, shipping and other Utility Services providers.

Methodology

Effective October, 11, 2010, CNX Infrastructure Index is computed using free float market capitalization weighted method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value. The CNX Infrastructure Index has a base date of Jan 1, 2004 and a base value of 1000.

Market Representation

• The CNX Infrastructure Index represents about 10.75% of the free float market capitalization of the stocks listed on NSE and 75.27% of the free float market capitalization of the stocks forming part of the infrastructure sector universe as on December 30, 2011.
  
  

• The total traded value for the last six months of all Index constituents is approximately 12.58% of the traded value of all stocks on NSE and 60.58% of the traded value of the stocks forming part of the infrastructure sector universe.

Selection Criteria

Selection of the index set is based on the following criteria:

1. Company's market capitalisation rank in the universe should be less than 500



2. Company's turnover rank in the universe should be less than 500.



3. Company should have a positive Net worth.



4. A company, which comes out with an IPO, will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.

*CNX Infrastructure Index was computed using market capitalization weighted method from the launch date till October 08, 2010

List of  CNX Infra stocks  | Daily Values